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DOM bands indicator
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DOM bands indicator

  #1 (permalink)
Elite Member
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DOM bands indicator

I've been observing the DomBands indicator uploaded by ZTR (download here: https://futures.io/free_downloads/ninjatrader/indicators/280-download.html?view ) and I have noticed that turning points are often marked by big spikes in one or more of the lines. Not reliable enough to trade from alone, but it does sometimes provide some nice confirmation of a turning point.

Attached Thumbnails
DOM bands indicator-dombandsspikes.jpg  

Last edited by ZTR; July 24th, 2010 at 02:59 PM. Reason: Changed my handle
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  #2 (permalink)
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I am new to MarketDepth data - never used it before hence my question:
When I add this indicator to my chart the indicator panel is empty all the time. Are there any other requirements I must be aware of for using this type of indicator, like settings, do all data providers provide MarketDepth data (at the moment I use Demo account from Gain)?

The other thing that may affect - I use it on NT7 Beta 6 and did only amendment to the volume variable time (from int to long) for the indicator to work under NT7 but it may be I am missing something else as well.

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  #3 (permalink)
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I really just got this into usable form and do not have many charts of it as it is not persistent. I think Zondor will have a version of DOM_Bands soon that works in both 6.5 & 7 in conjunction with the GomRecorder to make the data in this indicator persistent.

The Chart shows that as the market rallied both DOM bands rose, and the market stalled with this huge supply being chased by huge demand had run its course. After this the Market began a sell-off. A 2nd entry happened when the delta band touched ask band. Hard to see on this chart. Another interesting thing on this chart is the visualization of a buy-program (or lots of them) hitting the market & causing a huge spike on the BSV_Line. This is has been made persistent by Zondor, but do not know when, or if, he has posted it.

Once I get the latest version and start saving data I'd like to post the scenarios this indicator help clarify: The major ones are:

Throw-over - Delta Band crosses the Ask band. Happens when there TotBid >> TotAsk - a sign the market is not going any lower
Throw-under - Delta Band crosses the Bid band. Happens when there TotBid << TotAsk - a sign the market is not going any Higher
Delta Touch Ask - Running out of people willing to sell at lower levels.
Delta Touch Bid - Running out of people willing to buy at higher levels.

Many times once one of the last two are met the market moves so that the other is touched. Happens clearly in the attached chart.

Attached Thumbnails
DOM bands indicator-es-03-10-1_13_2010-30-min-1256.jpg  

Last edited by ZTR; January 16th, 2010 at 12:59 PM. Reason: Added Chart and scenarios
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  #4 (permalink)
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Thanks ZTrade101

I managed to got this to work under NT7 but still encountering some problems and errors which disable the indicator from time to time.

Looking forward for the new NT7 compatible version.
Thanks again to you and Zondor

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  #5 (permalink)
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DOM Bands Examples

Went back and Ran Replay for several days in the past month to see how DOM_Bands differed. On Trending vs. Range days.

JtRealStats, BSVLine and DOM_Bands are all indicators re-tooled, to run on NT 7 by Zondor.

Let me know what you think.

Attached Thumbnails
DOM bands indicator-es-03-10-12_22_2009-5-min-replay_1_18_2010.jpg   DOM bands indicator-es-03-10-12_16_2009-5-min-replay_1_18_2010.jpg   DOM bands indicator-es-03-10-12_14_2009-5-min-replay_1_18_2010_917pm.jpg   DOM bands indicator-es-03-10-12_21_2009-5-min-replay.jpg  
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  #6 (permalink)
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Al Brooks Failed Failure confirmed by Dom_Bands & GomCDHA

After consolidation around 1141, there was an Al Brooks-style Failed Failure at 1140.25, followed by a Buy Signal by Dom_Bands and further supported by a break up of the downtrend line of GomCDHA.

Attached Thumbnails
DOM bands indicator-es-03-10-765-tick-1_19_2010_dombuycdhabuy.jpg  
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  #7 (permalink)
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ZTrade101 View Post
I really just got this into usable form and do not have many charts of it as it is not persistent. I think Zondor will have a version of DOM_Bands soon that works in both 6.5 & 7 in conjunction with the GomRecorder to make the data in this indicator persistent.

Thx for the continued contribution.
By "persistant" do you mean that a chart can be back-filled?
ie: populate the DOM_Bands indicator for the time you were not connected?

Also that if you refreshed a chart, for what ever reason, say to add an indicator, then you would not lose the data on the DOM_Bands?

Many thx

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  #8 (permalink)
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zt379 View Post
Thx for the continued contribution.
By "persistent" do you mean that a chart can be back-filled?
ie: populate the DOM_Bands indicator for the time you were not connected?

Also that if you refreshed a chart, for what ever reason, say to add an indicator, then you would not lose the data on the DOM_Bands?

Many thx

Once an indicator is configured for use with the GomRecorder, it acts like historical data. Comes right back with a refresh, F5, or change. Read Gomi's posts on using His recorder and porting other indicator to its use.

So now, when I change a color in DOM_Bands, previous data generated from the indicator is lost. That is something I hope changes in a week or 2.

You can generate charts, like I did above, by running Market Replay. If you have not recorded the data, then just download replay data right in NinjaTrader under File>Utilities.

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  #9 (permalink)
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ZTrade101 View Post
Once an indicator is configured for use with the GomRecorder, it acts like historical data.
Comes right back with a refresh, F5, or change. Read Gomi's posts on using His recorder and porting other indicator to its use.

So now, when I change a color in DOM_Bands, previous data generated from the indicator is lost.
That is something I hope changes in a week or 2.

You can generate charts, like I did above, by running Market Replay.
If you have not recorded the data, then just download replay data right in NinjaTrader under File>Utilities.

Thx for helping to clarify.
Although I'm stuck on "Once an indicator is configured for use with".
I admit I'm very deficient in respect to the mechanics of these indicators.
No excuse I suppose, it's not that I'm lazy or unwilling to learn.
It's another language to me.

I think then, it's just a matter then of loading the GOMRecorder onto a chart
as well as say a GOMCD
I shall re-re-re-read the GOM literature.
You have helped..
Many thx

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  #10 (permalink)
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Heavy Resistance Identified By DOM Bands & JT_RealStats


ES stopped at 1196. This was seen with Zondor's new JT_RealStats which allow the DOM to be plotted up to +/- 10 levels of bid and 10 of Ask.

Dom Bands show this visually with a throw under.

Attached Thumbnails
DOM bands indicator-es-03-10-8192-volume-1_26_2010_throwunder.jpg  
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